CapitaLand China Trust securities qualify for Singapore tax concessions
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CapitaLand China Trust announced that its $150 million fixed-rate subordinated perpetual securities will qualify for Singapore tax concessions, following a ruling by the Inland Revenue Authority of Singapore (IRAS) that treats these instruments as debt securities. This classification allows distributions on the securities to be regarded as interest under Singapore’s Income Tax Act, making them eligible for tax benefits. The ruling is part of the trust’s $1 billion multicurrency debt issuance programme, and holders are advised to consult tax advisers regarding implications in Singapore or other jurisdictions.
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